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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 79,559 $ 91,985
Short-term investments 471,993 422,137
Accounts receivable 87,693 139,850
Inventory 175,958 175,795
Other current assets 126,643 87,365
Total current assets 941,846 917,132
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $158,992 and $143,908 191,195 175,150
ACQUIRED TECHNOLOGY, net of accumulated amortization of $199,428 and $186,850 77,747 90,325
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $11,484 and $10,414 5,804 6,874
GOODWILL 15,535 15,535
INVESTMENTS 396,931 299,548
DEFERRED INCOME TAXES 72,138 59,108
OTHER ASSETS 109,686 105,289
TOTAL ASSETS 1,810,882 1,668,961
CURRENT LIABILITIES:    
Accounts payable 24,698 10,933
Accrued expenses 52,955 52,080
Deferred revenue 47,393 47,713
Other current liabilities 6,119 8,096
Total current liabilities 131,165 118,822
DEFERRED REVENUE 2,376 12,006
RETIREMENT PLAN BENEFIT LIABILITY 54,288 52,249
OTHER LIABILITIES 36,303 38,658
Total liabilities 224,132 221,735
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) 2 2
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,826,922 and 48,731,026 shares issued, and 47,461,274 and 47,365,378 shares outstanding, at September 30, 2024 and December 31, 2023, respectively 488 487
Additional paid-in capital 717,190 699,554
Retained earnings 907,776 789,553
Accumulated other comprehensive income (loss) 2,578 (1,086)
Treasury stock, at cost (1,365,648 shares at September 30, 2024 and December 31, 2023) (41,284) (41,284)
Total shareholders’ equity 1,586,750 1,447,226
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,810,882 $ 1,668,961